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A tweet turned into a $3M venture fund

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I’ve always wanted to be a VC, but I never considered raising my own fund. That was for experienced angel investors and founders, and I fit neither of those categories, so I never thought it would be possible.

Until one night, when I took the first step to raising a venture fund:

The replies to a tweet about naming a fund after my tattoo made me think of the idea as more than just Twitter content, and I stayed up all night putting together the first deck for Shrug Capital.

Shrug Capital

Shrug Capital is a $3M consumer focused Angel Fund, backed by some of the best angels, VCs, and entrepreneurs around. I don’t have a typical investment thesis, but this is how I’ve made investment decisions for every company I’ve committed to invest in, and the 10 companies the fund has backed so…


The future of live entertainment is participatory, and looks a lot like the past.

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HQ Trivia launched in October of 2017, and in the weeks that followed, proceeded to hit record breaking numbers week after week. For ~72 hours, this record what quite the achievement for the live trivia app.

To put in perspective what 880,000+ players actually means, BuzzFeed’s Exploding Watermelon had 807,000 concurrent viewers watching at its peak — and that’s BuzzFeed, on top of Facebook’s algorithm (which at the time was heavily promoting live video streams), reaching iPhones, Android devices, and desktop browsers. A few more caveats:

  • HQ doesn’t rely on Facebook/Twitter for social graph or reach
  • It’s 880,000+ concurrent players (not passive…


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Instagram innovates via Snapchat, and Snapchat innovates through acquisition. It was recently revealed that Snapchat’s (fantastic) new feature, Snap Map, is based off of social map app Zenly! Which Snap bought back in May for ~$250M to $350M. 😲

Zenly co-founder Antoine Martin laid out the company’s mission in their Product Hunt launch last year:

“We’ve been on a mission to popularize constant location sharing for the past 5 years. Zenly is now the closest thing to a social network built on a map, with your friends and family.”

Unlike Snap’s acquisition of Vergence Labs, which formed the foundation for Spectacles, Zenly doesn’t directly fit into Snap’s mission of being a “camera company.” Although, a location based social network for your friends and family is very complimentary. …

About

Niv Dror

I tweet about Startups, VC, and MUFC. All your tweets are my favorite. @Nivo0o0

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